Quartz Partners LLC Increases Position in Netflix, Inc. (NASDAQ:NFLX)

Quartz Partners LLC raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 11.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 823 shares of the Internet television network’s stock after purchasing an additional 85 shares during the period. Quartz Partners LLC’s holdings in Netflix were worth $734,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. State Street Corp raised its stake in Netflix by 2.6% during the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock worth $12,023,082,000 after acquiring an additional 426,740 shares during the period. Strategic Financial Concepts LLC boosted its position in Netflix by 112,896.4% during the 4th quarter. Strategic Financial Concepts LLC now owns 381,928 shares of the Internet television network’s stock valued at $340,420,000 after purchasing an additional 381,590 shares during the period. Jennison Associates LLC grew its stake in Netflix by 4.7% during the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock worth $4,958,417,000 after buying an additional 316,594 shares during the last quarter. Westfield Capital Management Co. LP acquired a new stake in Netflix in the third quarter worth $222,871,000. Finally, AustralianSuper Pty Ltd increased its position in Netflix by 12,243.4% in the third quarter. AustralianSuper Pty Ltd now owns 290,071 shares of the Internet television network’s stock worth $205,739,000 after buying an additional 287,721 shares during the period. Institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

NFLX has been the subject of a number of analyst reports. Seaport Res Ptn raised shares of Netflix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. JPMorgan Chase & Co. boosted their price target on shares of Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Morgan Stanley upped their price objective on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Robert W. Baird boosted their price objective on shares of Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Finally, Barclays raised shares of Netflix from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $715.00 to $900.00 in a research report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Insider Buying and Selling at Netflix

In other news, CEO Gregory K. Peters sold 4,939 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the transaction, the chief executive officer now owns 12,950 shares of the company’s stock, valued at $13,338,500. This represents a 27.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total value of $473,640.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 303,220 shares of company stock worth $289,856,164. Insiders own 1.76% of the company’s stock.

Netflix Stock Performance

Netflix stock opened at $1,003.15 on Monday. The stock has a 50-day simple moving average of $940.55 and a 200 day simple moving average of $821.37. The stock has a market capitalization of $429.10 billion, a price-to-earnings ratio of 50.59, a P/E/G ratio of 2.12 and a beta of 1.27. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,064.50.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. Netflix’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.11 earnings per share. On average, research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Netflix Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.